Research Solutions (OTCMKTS:RSSS) announced its earnings results on Wednesday. The industrial products company reported ($0.03) EPS for the quarter, Bloomberg Earnings reports. Research Solutions had a negative return on equity of 68.88% and a negative net margin of 8.63%.
Shares of Research Solutions (OTCMKTS:RSSS) traded down $0.03 during trading on Wednesday, reaching $1.10. 3,300 shares of the company’s stock were exchanged, compared to its average volume of 11,705. The company has a market capitalization of $26.55, a P/E ratio of -7.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.58 and a quick ratio of 1.58. Research Solutions has a fifty-two week low of $0.66 and a fifty-two week high of $1.33.
In other news, major shareholder 12 West Capital Management Lp sold 730,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1.19, for a total transaction of $868,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 27.90% of the company’s stock.
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Research Solutions Company Profile
Research Solutions, Inc is a holding company. The Company provides a cloud based software-as-a-service (SaaS) research platform, which allows on-demand access to scientific, technical, and medical (STM) information for life science companies, academic institutions, and other research-intensive organizations.
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